Investors are trying to beat a tax increase on buy-to-let
properties in Britain, helping to push up house prices last month, according to
a survey. The Royal Institution of Chartered Surveyors (RICS) said its monthly
house price balance rose to +50 from +49 in November, in line with a Reuters
poll of economists. Overall demand for new properties rose to a three-month
high after the announcement that a higher rate of real estate purchase tax
would be introduced in April for investors seeking to buy properties in order
to rent them out. Read more on the Reuters website.
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